just wondering....for those who have their taxes prepared, what does it cost and what special complexity is in that cost? I realize that it varies depending on that complexity.
just wondering....for those who have their taxes prepared, what does it cost and what special complexity is in that cost? I realize that it varies depending on that complexity.
Retire@40 has the costs about right. The complexity that taxes )) my capabilities is partnership income in multiple states with con-commitent deductions and quarterlies - PITA. When we switch over to straight pension income and dividends/CGs the tax software will handle everything with ease. I have practiced using my pension and hypothetical withdrawals with TaxCut and Tax Act to see how it works.The cost would probably be anywhere from $150 to $1,000, depending on the level of complexity. I would say the average person pays about $200 to $400.
just wondering....for those who have their taxes prepared, what does it cost and what special complexity is in that cost? I realize that it varies depending on that complexity.
When I used to have mine done, my accountant had flat rates. Single was about $65 IIRC, and I think joint was something like $95. No idea what they charge now though. BTW, that was several years ago.
LAZY! That's not lazy! That's SMART.The thing I like about Turbo Tax is being able to download all my tax information from Fidelity.(lazy I know) Tax Cut allowed me to do that one year but for some reason they were not set up with Fidelity the next year. Just stuck with TT ever since.
That's like saying broken cars cost $100 to fix and broken trucks cost $200 to fix.
#1 That's WAY too low for a flat rate, even adjusted for inflation from several years ago.
#2 Flat rates make no sense since a tax return can take 15 minutes to prepare or up to a number of days.
The only way I can see someone charging a flat rate is if they only accept returns they can do in a few minutes with no tax advice or followup. Like the ones with a W-2 or two and maybe a couple of interest statements. Pump away.
just wondering....for those who have their taxes prepared, what does it cost and what special complexity is in that cost? I realize that it varies depending on that complexity.